Search Results for: Fed
Europe Index Futures Tumble With Asian Stocks; Kiwi Drops
August 6th, 2014
European index futures (SPA) dropped with the euro and stocks in Asia amid escalating tensions over Ukraine and concern that stronger U.S. growth will lead to sooner-than-projected interest-rate increases. New Zealand’s dollar and emerging-market currencies weakened. Futures on the ...
Walgreen Is Said to Near a Deal to Buy Out Boots Pharmacy, but Without a Tax Inversion
August 6th, 2014
The Walgreen Company is said to be near a deal to take over the British pharmacy retailer Alliance Boots, but through a plan to do so without moving its corporate headquarters abroad. The American retailer is closing in on ...
Sprint, T-Mobile call off merger plans
August 6th, 2014
Sprint is expected to announce Wednesday that its sought-after merger with T-Mobile is off. The wireless carrier and its parent company, Softbank, decided that regulatory hurdles were too high, The Wall Street Journal reported Tuesday, citing people familiar with ...
Mexican Congress Approves New Rules for Oil Industry
August 6th, 2014
Mexico’s Congress approved on Tuesday a sweeping overhaul of the energy industry that cleared the way for international giants to tap Mexico’s rich reserves of oil and gas. The new legislation is the centerpiece of President Enrique Peña Nieto’s ...
Geopolitical risk is back up, Dow back down
August 6th, 2014
Just when the market was trying to find its footing, geopolitics rocked the Dow again. This time it was renewed fears that Russia might invade Ukraine. Whether the fears are simply rumor or innuendo, or real fears taken from ...
Wall Street banks take heart from leveraged loan exams
August 5th, 2014
Wall Street banks have found a U.S. review of their junk-rated loans to have yielded similar results to last year, easing some concern among bankers about a crackdown on one of their most lucrative businesses. Making junk-rated loans to ...
LinkedIn, U.S. Labor Dept settle overtime case for $6 million
August 5th, 2014
LinkedIn Corp (LNKD.N) agreed to pay about $6 million in back overtime and damages to 359 current and former employees after a U.S. Department of Labor investigation found the online career networking company violated the country’s wage law. In ...
Summer Gas Prices Down Despite Geopolitical Turmoil, Higher Demand
August 5th, 2014
The American Automobile Association (AAA) has reported that the average pump price of a gallon of gasoline was $3.52 at the end of July, the lowest since March. In fact, July prices dropped more than they have in six ...
Technical Analysis AUD/USD – Aussie Stable as Retail Sales Improves
August 4th, 2014
AUD/USD remains calm as we start the new trading week. On Monday, the pair is trading in the low-0.93 range. On the release front, Australian Retail Sales rebounded last month and posted a 0.6% gain. However, ANZ Job Advertisements ...
SEC Obtains Nearly $70 Million Judgment Against Richmond, Va.
August 4th, 2014
The Securities and Exchange Commission has announced that it has obtained a final judgment in federal court in Tennessee requiring a Richmond, Va.-based financial services holding company, a subsidiary brokerage firm, and their CEO to pay nearly $70 million ...
